Walmart Inc. (NYSE:WMT) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC raised its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,317 shares of the retailer's stock after buying an additional 39,827 shares during the period. Advisory Services Network LLC's holdings in Walmart were worth $25,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Walmart stock traded up $2.20 during midday trading on Friday, reaching $92.81. The company's stock had a trading volume of 25,491,591 shares, compared to its average volume of 17,636,254. The firm has a market capitalization of $744.03 billion, a PE ratio of 38.51, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The stock's 50 day simple moving average is $92.43 and its 200 day simple moving average is $89.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.01%. Walmart's payout ratio is 39.00%.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research note on Thursday. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Barclays reaffirmed an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $103.58.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. This represents a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,852 shares of company stock valued at $16,785,080. Insiders own 45.58% of the company's stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.